AT&T was confident it would win regulatory approval for its US$85.4 billion acquisition of Time Warner before year’s end as the Justice Department continues its review, but was still awaiting details about any final requirements for the deal, a senior executive said.
Bob Quinn, AT&T’s senior executive vice president for external and legislative affairs, said in a C-SPAN interview this week that the telecommunications company was unclear what final conditions the Justice Department may seek as part of any approval.
“That conversation is just beginning really,” Quinn said. “We’ve gotten through the point where we’re produced all the data and answered all the questions and I think that process will kick off this summer.”
In June, a Senate panel voted 19-1 to advance the nomination of Makan Delrahim, who was chosen by President Donald Trump to be the top US antitrust regulator. The Senate must still vote to confirm Delrahim and it is not clear when they will vote.
Until Delrahim is confirmed, “it is kind of hard to predict whether even the list that we see preliminarily will be the final list that they want to close on,” said Quinn, without elaborating.
Full Content: Reuters
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